The 2021 Wuxi Xishan Golden Autumn Investment Promotion and Cooperation Forum is held on Nov 16. [Photo/wxrb.com]
A total of 64 new deals worth 89.47 billion yuan ($14.03 billion) were signed at an investment promotion conference in Wuxi's Xishan district on Nov 16.
The new deals covered various key areas, spanning industries, technological innovation, and finance, which were expected to drive the high-quality economic development of Xishan.
Among the 64 projects, two projects attracted investment worth over 10 billion yuan.
With a total investment of 11.2 billion yuan, Lishen New Energy Co will build its industrial base, as well as its research and development center in Xishan district to produce 2.4 billion watt-hour lithium-ion batteries per year.
The project will start construction in two phases in 2022. The first phase is expected to be completed by the end of 2023.
The GL Ventures Innovation Center was officially launched at the event. The center will assist in the transformation and incubation of technological start-ups to build up more "little giants", according to officials.
The second phase of the GL Ventures fund project was signed as well. With a total scale of about 5 billion yuan, the fund will mainly invest in projects in biotechnology, hard technology and software services, carbon neutrality, as well as emerging consumer brands and innovative retail.
During the month-long autumn investment promotion season, Wuxi's Xishan district signed agreements on a total of 157 new projects, worth 164.37 billion yuan.
